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MN Holdings BhdXKLS:0245 -0.68%79 Piotroski F-Score is 7 as of Jul. 25, 2026, which is at its 10-year median of 7.00. GuruFocus rates XKLS:0245 with a GF Score™ of 79/100 and a GF Value™ of RM2.17 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,729 Construction companies, MN Holdings Bhd ranks better than 89.42% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MN Holdings Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for MN Holdings Bhd's Piotroski F-Score or its related term are showing as below:
XKLS:0245'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 7
During the past 8 years, the highest Piotroski F-Score of MN Holdings Bhd was 8. The lowest was 5. And the median was 7.
MN Holdings Bhd (XKLS:0245) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
MN Holdings Bhd Piotroski F-Score Related Terms
MN Holdings Bhd Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for MN Holdings Bhd's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XKLS:0245 vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, MN Holdings Bhd's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MN Holdings Bhd Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, MN Holdings Bhd's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where MN Holdings Bhd's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
MN Holdings Bhd's current Net Income (TTM) was 80.2.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
MN Holdings Bhd's return on assets of this year was 0.2823276. MN Holdings Bhd's return on assets of last year was 0.22891841.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
MN Holdings Bhd's gearing of this year was 0.00227176. MN Holdings Bhd's gearing of last year was 0.0160553.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
MN Holdings Bhd's current ratio of this year was 2.99040859. MN Holdings Bhd's current ratio of last year was 2.65349621.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
MN Holdings Bhd's number of shares in issue this year was 722.605. MN Holdings Bhd's number of shares in issue last year was 650.934.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
MN Holdings Bhd's gross margin of this year was 0.20206703. MN Holdings Bhd's gross margin of last year was 0.21476341.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
MN Holdings Bhd's asset turnover of this year was 2.94625499. MN Holdings Bhd's asset turnover of last year was 2.39125109.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
MN Holdings Bhd has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
MN Holdings Bhd (XKLS:0245) has a Piotroski F-Score of 7 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MN Holdings Bhd and its competitors. This is near median its historical median of 7.00. Over the past decade, MN Holdings Bhd's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, MN Holdings Bhd ranks #183 out of 1729 companies in the Construction industry, placing it in the top 10.6%.
Is MN Holdings Bhd's Piotroski F-Score too high?
MN Holdings Bhd's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. MN Holdings Bhd's value of 7 is 40% above this industry median. Based on the distribution chart, MN Holdings Bhd ranks #183 out of 1729 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, MN Holdings Bhd has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MN Holdings Bhd's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, MN Holdings Bhd ranks #183 out of 1729 companies for Piotroski F-Score. This places MN Holdings Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. MN Holdings Bhd's value of 7 is 40% above this benchmark. Historically, MN Holdings Bhd's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, MN Holdings Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MN Holdings Bhd's current Piotroski F-Score of 7 is 40% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on MN Holdings Bhd and its competitors. For the Construction industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MN Holdings Bhd's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MN Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, MN Holdings Bhd (XKLS:0245) is currently considered Significantly Overvalued. The stock's GF Value™ is RM2.17, compared to a current price of RM2.93 — trading 35% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Construction industry median of 5.00. MN Holdings Bhd's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For MN Holdings Bhd (XKLS:0245), the current Piotroski F-Score is 7 as of Jul. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MN Holdings Bhd (XKLS:0245) Overvalued in 2026?
Based on GuruFocus' analysis, MN Holdings Bhd stock appears to be overvalued.
The current stock price of RM2.93 is trading 35% above its estimated GF Value™ of RM2.17.
GuruFocus considers MN Holdings Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:0245:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: RM2.17 vs. price of RM2.93 (35% above fair value)
Industry Position: 40% above the Construction median (#183 of 1729)
No single metric tells the full story. See the XKLS:0245 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MN Holdings Bhd is a competent solution provider specializing in infrastructure utilities construction, with a primary focus on the power industry in Malaysia. It offers engineering services and solutions, supported by the necessary machinery, labor, and expertise for successful project execution. The Group mainly serves customers in the power, gas, sewerage, and telecommunications sectors within Malaysia. Its operations are organized into main reportable segments, including underground utilities engineering services and solutions; substation engineering services and solutions, including trading and supplying; and investment holding and management services. The majority of revenue is generated from the substation engineering segment.
79GF Score
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